Where is Satoshi? - page 2. | Bitcointalksearch.org

GideonGono

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Quote from: Stepstowealth on May 12, 2023, 12:08:59 PM

Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?

First of it is not the first time that the transaction fee for Bitcoin has been expensive or high, second what would Satoshi do? the creator has been silent for so long even in the past controversy so why would the creator show up now just because of the transaction fee?
And we could use alternative coins that is why they had been created for events or circumstances like this (only my opinion) those alt-coins are there because Bitcoin doesn't have it all.

mirakal

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These problems can be sorted out smoothly without having the creator's help, Satoshi Nakamoto.

I mean what is the use of the bitcoin's developing team right now if they can't even solve this kind of problem, moreover, we shouldn't forget that bitcoin is a decentralized cryptocurrency which that means that Satoshi's role is already finished when he successfully created bitcoin and its blockchain. We never know for sure, he might be working behind the shadow right now using another pseudonym to help resolve the existing issues.

Litzki1990

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The high transaction fees were temporary but this problem has already been resolved and the transaction fees are back to normal. Due to the high transaction fees, the transaction process of many has been disrupted but now they can transact easily.
Satoshi doesn't manage such a big platform alone, he has many developers under him who are responsible for managing Bitcoin's operations beautifully. It is very natural that such a big platform will be attacked by various malicious actors but to counter the attack, experienced developers are working from the malicious ones, hopefully they will be able to control these things well.

Kryptowerk

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As much as I like a tiny puzzle (or maybe even call it mystery) to be solved... I have to say it is becoming less and less important who Satoshi is or was.
The whitepaper is here. The software implimentation with hundrets of improved iterations has been running for over 14 years now. There is a tiny army of experienced and dedicated core developers.

Worst case, Satoshi would wake up and suddenly access his ~1m Bitcoin and dump it on the market. Sure, Bitcoin price would be eroded for a while, weeks, months, maybe up to a few years (I doubt it'll take that long). But after that coin distribution would be even more decentralized and Bitcoin would just move on.

I highly recommend Andreas Antonopoulos' educational videos. His stance has been clear: It doesn't really matter who Satoshi is. For some it may sound blasphemous, but it's also irrelevant what his *vision* for Bitcoin was. The working network is here and it is what it is. If you think it has failed in its original vision you are free to fork the open source code to your liking at any time. And see if a majority will share your vision. *Satoshis vision, coughcoughlol*

ethereumhunter

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Satoshi won't appear just because of this problem. The high transaction fee will decrease slowly. You don't need to worry. I guess Satoshi is still alive today and could have known about this but there is no action from him or if he did, we wouldn't know what he did either. Satoshi let the community fix all the problems because he wants to invite people who use bitcoin to be independent without him. And he can be anyone at this time, even someone who will act to fix all problems. We will also never know if it happened.

Bazzu

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Quote from: Ryu_Ar1 on May 12, 2023, 12:54:48 PM

Even if in the end he still exists and is still involved in this, the conditions remain the same and it cannot be as if when satoshi speaks it can be controlled immediately.
I don't know about how the system or whatever it is because I don't understand about complicated things like coding and such but what I believe is that when even Satoshi exists something like this he will not be able to change it himself and now also as some people say there are already miners who can actually still overcome it.
As time goes by I think transaction fees will become the normal way things are done.

with the existence of expensive btc transaction fees makes people panic,
even though I don't think this situation will last long. and also i hope btc transaction fee back to normal.

and I agree with what you said, because it is certain that if BTC transaction fees do not down for a long time, people will definitely get used to BTC transaction fees as they are now.

NicNacCoin

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Quote from: Stepstowealth on May 12, 2023, 12:08:59 PM

Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?

Blockchain transactions have been crowded for quite some days, but many people know why there is a huge crowd in Bitcoin blockchain transactions, but I can't guess what role Satoshi Nakamoto will play in this case. Many believe that Bitcoin Ordinals / BRC20 standard protocols will be disallowed from the Bitcoin blockchain to reduce high transaction fees. But in this case, Satoshi Nakamoto can do such development in his Bitcoin blockchain. But the sad thing is if Satoshi Nakamoto is not alive in this world then this problem will never go away?

Hispo

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Satoshi is aware of what is going on but even whether he came out from the shadows, he may not have a realistic chance to help. Rather people would try to tracking down again and with more energy to try to attack Bitcoin in different ways.

He trusts the community will be able to solve this situation without his intervention (assuming he can do anything about it, Bitcoin is about decentralization, after all). Eventually we will find a concensus on want to do if the fees continue to increase out of control, I still think that those meme shit-tokens and ordinals will dump heavily in value eventually and fees will go down sonner than later. However, there would be still an open door for an attacked with enough money to slow down the network with spam.

Bitcoin_people

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In fact, what happened at the moment did not need Satoshi. Bitcoin transaction free increased for a while but now it has leveled off again. Maybe due to some problem in the bitcoin network, such an incident happened but it did not stop in the same state, rather the network free has decreased a lot now. The reason for this is that the transaction hashes grew so large due to the additional block pressure that caused the network to become free and redundant. But there's no reason to feel like a statement because one has only been around for a while, but one has to believe that one should not lose patience with Bitcoin.

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Quote from: Stepstowealth on May 12, 2023, 12:08:59 PM

Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?

Assuming Satoshi is still alive why do you think this situation would be enough for him to make a comeback? Satoshi did his job already, he was able to put together different concepts and made an ingenious design which resulted on the creation of bitcoin, he has done enough already and there is no need for him to do anything else, now it is up to the current developers to take some measures against ordinals or they could simply let the market do what it does best, which is to raise the costs for those transactions and force them out of the network this way.

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Quote from: ImThour on May 13, 2023, 12:15:28 PM

satoshi was Hal Finney. I am sure no one will agree with me, in fact, I don't want anyone to believe in me. It's my opinion in the end.
He's dead and will no longer be able to contribute to the high fee on the Bitcoin blockchain as of now.

There is a possibility that the Satoshi who creates Bitcoin is dead but I doubt Hal is this Satoshi. It would be nuts to talk to oneself during the Bitcoin early years since there are records that Satoshi had been in communication with Hal.

Quote from: ImThour on May 13, 2023, 12:15:28 PM

I am sure this will lead to major developments to the network and a great and impactful update will be sure incoming by everyone at the open-source community of Bitcoin.

I hope so that the problem created by BRC 20 can lead Bitcoin developers to develop a solution that can enhance the scalability of Bitcoin that makes the recent incident to not repeat in the future.

ImThour

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satoshi was Hal Finney. I am sure no one will agree with me, in fact, I don't want anyone to believe in me. It's my opinion in the end.
He's dead and will no longer be able to contribute to the high fee on the Bitcoin blockchain as of now.

I am sure this will lead to major developments to the network and a great and impactful update will be sure incoming by everyone at the open-source community of Bitcoin.

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More than 2,000 people are working on the Bitcoin network online. I think they will do everything themselves, Satoshi would be powerless

John Abraham

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Quote from: Stepstowealth on May 12, 2023, 12:08:59 PM

Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?

What do you expect from Satoshi? He already did what he had to do. Bitcoin is decentralized. Even if he returns, He won't be able to make any exceptional changes. The current developers are enough to fix any issue related to Bitcoin. Imagine he has some unique ability to do something on the network, What would you think then? Would you trust Bitcoin anymore? Where the creator can make a significant change? He can do something with his ability, and you might lose your coins.

Today's transaction fees look low compared to a few days ago. According to Blockchair, The current recommended fee is 82 satoshi per byte. It was over 400 satoshi per byte. The ordinal craze will end at some point. The network may get back no normal. But, it won't be back to normal as before. You have to pay a little more fees than before. Let's wait and see how long it takes.

panganib999

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Satoshi has separated himself from the development of bitcoin, and hsd entrusted bitcoin to a few of the people that he trusts the most. And mind you, this was back in 2011-2012 too, so there’s a whole decade of lapse where Satoshi hasn’t been in the front lines of bitcoin. And jow all of a sudden people wanted to drag him out cause the fees are unusually high and transaction processes take a little more time than usual? That is just swell.

Even if he were to be here, actively working on bitcoin, I don’t think he’s able to do something about bitcoin’s current state. He was jot able to do shit back then, the same story will roll now. So why jot let’s give the guy the rest he needs. Besides, it’s not like the end of world anyway!

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Quote from: Stepstowealth on May 12, 2023, 12:08:59 PM

Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?

That is, you want Satoshi to come and solve all bitcoin problems? This will never happen, because it is contrary to the principles of decentralization, which are at the heart of bitcoin.

Every time problems happens, will you call on Satoshi to fix it? Isn't it funny for you to say that?

Satoshi has completely distanced himself from bitcoin and bitcoin-community should solve problems on its own without outside interference.

adzino

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Why would we need Satoshi to fix the issues and problems. I thought bitcoin was meant to be decentralized. How can it be decentralized if people starts to see Satoshi as the "leader" of the network who will solve all the problems? I doubt Satoshi is every going to show himself. Yeah, he might help the network as a one of those many developers who helps improves the network. What I don't understand is why people are so obsessed with revealing his identity. Why do some people thing it would be a good thing?

Aikidoka

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There is no need for Satoshi to show up! It's not a serious issue related to Bitcoin to require the creator to reveal themselves, even if he is still alive. The creator is a mystery, and I don't think he/they will appear one day, even though I believe he/they is/are still alive but operating behind the scenes, as we see with the character Gin Freecss from the anime Hunter x Hunter, if anyone have seen it.

In any case, the high fees are temporary due to the high number of transactions, and it's normal. It could be fixed once the network cools down and I'm confident that the Lightning Network could address this issue at some point. If there is no solution available atm, we have many developers who work on Bitcoin and are experts who can upgrade and fix any issues. There is no need for Satoshi to step up exclusively because Bitcoin is an open-source project, and anyone can contribute to making it better.

reagansimms

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There is no need to pull Satoshi out to solve this problem. If he's still alive, he just sits there doing nothing. What the network is experiencing now is a minor issue that the developers were able to fix, they can still be relied on to run updates and upgrades to the Bitcoin network without forcing Satoshi down the hill.
This is just a minor issue that the Bitcoin network is experiencing, everything will be fine once the issue is resolved. Never make any transactions if you feel the transaction fees are too high, leave your assets in the wallet until the network returns to normal.

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Quote from: livingfree on May 12, 2023, 06:36:30 PM

If he's still here, he'll for sure do something and step in but before proceeding, he'll have to propose and educate everyone on what he must do to see the potential outcome of it.

If he was somehow here, he cannot do anything in and of himself, he created BTC to be run based on the consensus mechanism, all controlled by everyone in the community, so even when he was around, he was never BTC's leader or owner, he was only the creator. BTC has never been in the hands of an individual, not even Satoshi.

Quote from: Bazzu on May 12, 2023, 08:49:00 PM

but for buying and selling transactions using btc in my opinion it should be postponed for a while, and wait for transaction fees to return to normal.

BTC is a currency, do you stop using the dollar because of inflation or counterfeit problems. BTC is a censorship resistant and permissionless currency, nobody can stop or postponed the network from working, you as a person can decide not to use BTC for now, it is a free market, but nodes would not stop validating TX and miners wouldn't stop confirming TX as well. By the way the mempool is becoming less congested and TX fees are cooling down.

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